Tuesday , 17 September 2019
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Real Estate

Warburg Pincus-backed logistics real estate developer ESR refiles for Hong Kong IPO

ESR Cayman Ltd, a logistics real estate developer backed by private equity firm Warburg Pincus, is readying a relaunch of its Hong Kong IPO three months after pulling a deal worth up to $1.24 billion, company documents show. The company joins a list of initial public offering (IPO) hopefuls aiming to take advantage of improving markets in the Asian financial ... Read More »

Booster shot for real estate sector; National Housing Bank to pick up stakes in HFCs

Pacts between lenders and developers not to deter discounts to homebuyers To help revive the ailing real-estate sector and give a further push to affordable housing where the government is placing a lot of thrust on, finance minister Nirmala Sitharaman will soon announce a clutch of steps. National Housing Bank (NHB), until recently the regulator for housing finance companies (HFCs), ... Read More »

Real estate next on the FM’s list; Anurag Thakur says relief measures for sector may be announced soon

On bank merger, Anurag Thakur said that the consolidation of PSBs will lead to cost benefits, higher productivity, ramp up credit growth and assure that there will be no job losses because of the merger. Even as the real estate sector reels under a slowdown, the government may make some announcement for the sector in the coming days, CNBC TV18 ... Read More »

Sources say relief to stalled real estate project soon

New Delhi: The real estate sector relief expected this week may include solutions for stalled housing projects for the stressed home buyers where projects could not be completed due to funding issues, official sources said, There have been demand for as stress fund to deal with stalled projects and bail out lakhs of stuck homebuyers from both home buyers and builders side. There will be ... Read More »

Centre likely to announce big package for real estate

Finance minister Nirmala Sitharaman has called a meeting today to finalise a relief package for real estate sector. Sitharaman is likely to soon announce measures to boost the sector as the government faces a big jolt on the economic front with the country’s Gross Domestic Product (GDP) growing at its slowest pace in over six years at 5% during April-June ... Read More »

CII-CBRE releases report on real estate

Hyderabad: CII in association with its knowledge partner CBRE, on Friday released a joint report ‘Real Estate – A Relook’ at the XV edition of its flagship conference on Real Estate – CII CBRE REALTY 2019. Unveiling the knowledge paper, Hardeep Singh Puri, Minister of State for Housing and Urban Affairs, Civil Aviation (I/C) and Commerce & Industry, Government of ... Read More »

This piece of the US real estate market is flashing a warning sign

The US market for commercial real estate flashed a warning sign in the first half of 2019. For the first time in seven years, overseas investors in office buildings and retail space became net sellers of properties, according to a new report from Real Capital Analytics, which tracks the sector. This follows a strong 2018, when cross-border acquisition of commercial real estate hit near-record levels. ... Read More »

Motilal Oswal Real Estate garners $73m from seven exits: Report

Motilal Oswal Real Estate (MORE), the real estate private equity arm of Motilal Oswal Group, has garnered about $73 million (Rs 525 crore) from exits across seven investments, which were routed through its India Realty Excellence Fund II (IREF II) and India Realty Excellence Fund III (IREF III), The Economic Times reported. The projects that the company has exited include Casagrand Builders in ... Read More »

RBI’s inability to ensure transmission of repo rate cut is hurting real estate sector

Reserve Bank’s policy rate cuts have not reduced interest rates for retail borrowers. Reserve Bank of India’s 110 basis point cut in the Repo rate this year has failed to uplift the mood in the real estate sector that has been grappling with the problems of high GST on construction materials like cement and steel and subdued demand due to ... Read More »

Office real estate is defying the slowdown

Bengaluru: A multinational bidding war for ownership of the iconic 10-storey ‘Citi Centre’ building in the heart of Mumbai’s prime business district, the Bandra Kurla Complex (BKC), played out for four months far away from public glare. K Raheja Corp. finally came on top in July, overtaking South Korean Mirae Asset Global Investment which put up a spirited fight till the ... Read More »